How to determine if your practice should become self-insured? Add up the premiums your practice paid to insurance company for the past 5 years. Subtract what the insurance company paid out in losses for those past 5 years. If the insurance company collected more premiums dollars than paid out, your practice is a candidate for becoming self-insured.

Example:

If you paid $100,000.00 in premiums each year X 5 years, that = $500,000.00

If your insurance company paid claims for those 5 years totaling - $100,000.00

Then, the insurance company made a profit in the amount of $400,000.00

That is an 80% return investment the insurance company made off your practice.

[The figures are self evident]

ICC was form to help anesthesiologist find the proper coverage for their practice. ICC is aware of the high cost of insurance and is doing its' part to keep insurance rate competitive. What one carrier will not do, Self- insurance can. That is why ICC searches the insurance markets.

ICC’s technological provides an optimization approach to designing a plan that is acceptable to underwriters and your practice When your practice needs optimal performance for better cost consider the ICC way. " The future is self Insurance "

SELF INSURANCE FOR:

Anesthesiologist

Pain Rehabilitation

Epidural injections a

Spinal Epidural Injections

Peripheral Neuropathy

The cost of Medical Malpractice premiums are raising every time a claim is presented against your malpractice policy with an insurance company. It does matter if you're not a fault. Whenever the insurance company steps in to defend a malpractice claim, your rates increase. ICC Underwriters is aware of the high cost of insurancee and is doing its' part to keep insurance rate for doctors down. What one carrier will not do, a self insurance plan will.

Risk Management Services

With ICC, your medical procedure is thoroughly evaluated with our team of Risk Managers to assure your liability exposure is minimun.

Becoming self insured; you put that profit in your pocket rather than the insurance company's.

Reason

The courts have ruled in some states that as long a surgeon has the funds on hand or an irrevocable letter of credit to pay liability claims in the amount that the hospital requires, the hospital must allow the surgeon hospital privileges as a self- insured entity. Some surgeons have obtained a irrevocable standby letter of credit or opened a separate bank account to satisfy hospital's financial requirements.

The self insurance plan is designed for Orthopedic Surgeons, Cardiovascular Surgeons, Neurologist,OBGYN,Anesthesiologist and General Physicians

LOOK UP THE LAWS IN YOUR STATE

Arizona Law: Any physician can become self insured in Arizona as long as the physician can meet the state's requirements for financial responsibility as well as the hospital's requirement for hospital privileges. For those doctors who want additional information before considering Self insurance, seeArizona Healing Arts Board and Arizona State Senate brief on Malpractice. If you have any questions call ICC @ 1 316 683-0170

Texas; there is no law requiring Doctors or Surgeons to have malpractice insurance. "There is no statue to be found." The Texas Healing Arts Board does not require insurance either for a doctors to be licensed in the state of texas. The only requirement would be the hospitals which if the doctor can meet the hospitals financial requirements they can be granted hospital privileges. If you have a question call ICC @ 1 (316) 683-0170

West Virginia Doctors are allowed to be self insured in the state of Virgina